Author Archives: MichaelOrdman

Exits, takeovers and mergers – to 19/5/24

Posted on May 19, 2024

Israel’s Nuvo has merged with US-based LAMF Global ventures and is now trading on NASDAQ. Israel’s Travelier has acquired Brazil’s top bus ticket seller DeOnibus. Blackstone Growth Fund is to acquire Israel’s Priority Software at an $800 million valuation.

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A better vegan salmon

Posted on May 19, 2024

Israel’s Oshi (formerly Plantish – see here previously) is unveiling the latest version of its plant-based salmon filet, in Chicago. Oshi has secured US-wide distribution for its flagship alternative cooked salmon filet. https://vegconomist.com/food-and-beverage/meat-and-fish-alternatives/oshi-new-version-plant-based-salmon-fillet-nra-show/

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Victoria’s Secret opens in Israel

Posted on May 19, 2024

Despite the ongoing war, the famous lingerie company Victoria’s Secret has opened two stores in Israel, at shopping malls in Haifa and Petah Tikvah. They follow the launch of the Israeli Victoria’s Secret website which started operations last year. https://www.israel21c.org/amid-war-victorias-secret-opens-stores-in-israel/

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Boosting hi-tech investment

Posted on May 19, 2024

The Israel Innovation Authority is investing $160 million over 20 months in the Yozma Fund 2.0 initiative. It aims to attract another $700 million from institutional investors such as Venture Capital funds, to encourage more Deep Tech startups (see here … Continue reading →

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Satellite to honor Oct 7 victims

Posted on May 19, 2024

They destroy, we build.  Israel’s Technion and Israel Aerospace Industries are building a communications satellite called NOVA-SAT in memory of the victims of the Nova festival. It also honors Captain (res.) Denis Krokhmalov Veksler who died in Gaza before he … Continue reading →

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Growing dairy proteins in potatoes

Posted on May 19, 2024

Israel’s Evogene has partnered with the Kitchen Foodtech Hub to form Finally Foods. It is developing plant-based alternatives to meat, based on casein – the protein in dairy products, using potatoes to host cultivation. The proteins will then be used … Continue reading →

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Autonomous bulldozer

Posted on May 19, 2024

The IDF has begun to deploy unmanned 50-ton D9 “Panda” bulldozers in Gaza. It is the world’s first significant involvement of such ground robotic tools in combat, reducing the risk to IDF personnel. The Pandas are built by ELTA Systems, … Continue reading →

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Light up your life

Posted on May 19, 2024

Israel’s Solight channels natural sunlight from 8am to 4pm into indoor spaces using mirrors from a rooftop solar collector. It provides health benefits to those stuck inside and cuts exposure to artificial light. It also cuts the cost of providing … Continue reading →

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Security for GenAI

Posted on May 19, 2024

Generative AI systems such as ChatGPT are used in 80% of Fortune 500 companies. But they have risks including data breaches, malicious injections, and copyright violations. Israel’s Apex Security aims to protect those systems. Investors include Sam Altman, CEO of … Continue reading →

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AI institute launched

Posted on May 19, 2024

Israel’s Ben-Gurion University has launched ‘The Institute’ – an artificial intelligence initiative to promote Israel’s leadership in implementing AI capabilities in cyber, medical, finance and education. Initially a mentoring team of Israeli AI experts will train the CEOs of leading … Continue reading →

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